FastMarkets

STEEL SCRAP WRAP: Downtrend in global markets continues

Turkey came back to the deep-sea export markets in the week ended Friday February 5, capitalizing on lower prices, while buying appetite in the Asian markets was subdued by the...

FOCUS: China fishes for Japan scrap imports with premiums over domestic prices

Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.

TAIWAN STEEL SCRAP: Downtrend continues despite efforts to support prices

Prices for imported containerized ferrous scrap in Taiwan have continued to trend downward despite efforts by some market participants to shore up the market.

STEEL SCRAP WRAP: Prices yet to hit bottom in downward drive

Global ferrous scrap prices have yet to hit the buffers in their downward plunge. Buyers in Asia were holding back from purchases in the week ended Friday January 29, swooping...

TAIWAN STEEL SCRAP: Buyers swoop on low-priced cargoes

Taiwanese scrap buyers are swooping on import cargoes offered at low prices by traders desperate to offload materials amid the constant prices falls during the week to Friday January 29,...

China looks to US for next scrap cargoes amid resumption of imports

US steel scrap sellers have been locked in negotiations for sales to China this week amid a continued drop in global prices, industry sources told Fastmarkets.

STEEL SCRAP WRAP: Buyers back away amid global price collapse

Buyers of steel scrap in global markets were holding back from purchasing new cargoes in the week to Friday January 22, amid a sharp decline in prices and with more...

Landmark import scrap cargo held up by delays at Chinese port

The first delivery of imported scrap to arrive in China since last month’s relaxation of import restrictions has been held up by delays at the port, market sources told Fastmarkets...

VIETNAM STEEL SCRAP: Price flash crash dims buying interest

There remained a dearth of interest for imported ferrous scrap in key buyer market Vietnam due to the sharp price downtrend in the week to Friday January 22, market sources...

HOTTER ON METALS: Covid-19 to kill the LME ring

Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor.